Saturday, February 11, 2006
News RhetIraq: Iraqi Quality of Life
Source: Azzaman
Quotes: From article titled, "More belt-tightening in store for Iraqis"
Iraqis will have to do without their almost free food rations and stand yet another spiral of hikes in fuel prices.
This exactly what any new government must to do to meet conditions the World Bank and international creditors and donors have set for the country.
The outgoing government is reported to have agreed to these conditions, which among other things, require that Iraq to enter into long-term partnership deals with foreign firms to develop the country’s massive oil wealth.
Fuel prices will have to be raised to levels comparable to those in neighboring countries, according to the deal.
The sources said millions of Iraqis dependent on food rations for a living need now to prepare themselves to do without government-subsidized food.
Any further hikes in fuel rates are bound to backfire on the new government and are very likely to lead to large-scale rioting.
But the scrapping of food rations will have far graver consequences as millions of Iraqis will find it almost impossible to make ends meet without them.
Quotes: From article titled, "More belt-tightening in store for Iraqis"
Iraqis will have to do without their almost free food rations and stand yet another spiral of hikes in fuel prices.
This exactly what any new government must to do to meet conditions the World Bank and international creditors and donors have set for the country.
The outgoing government is reported to have agreed to these conditions, which among other things, require that Iraq to enter into long-term partnership deals with foreign firms to develop the country’s massive oil wealth.
Fuel prices will have to be raised to levels comparable to those in neighboring countries, according to the deal.
The sources said millions of Iraqis dependent on food rations for a living need now to prepare themselves to do without government-subsidized food.
Any further hikes in fuel rates are bound to backfire on the new government and are very likely to lead to large-scale rioting.
But the scrapping of food rations will have far graver consequences as millions of Iraqis will find it almost impossible to make ends meet without them.
